Central Carolina Bank and Trust Company in Durham, North Carolina (NC)



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Central Carolina Bank and Trust Company
GeneralFDIC Certificate #: 2033
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National Bank of Commerce (#4978)
Federal Reserve ID: 541923
Date Established: January 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 241 (Interstate: No)
OTS Docket #: 9475
FDIC's unique #: 1349
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 31, 2001
Last Structure Change Process Date: Febuary 05, 2002
Last Data Update: Febuary 05, 2002
Data Source Date: April 05, 2012
LocationAddress: 111 Corcoran Street, Durham, NC 27702
County: Durham
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Dallas
FDIC Field Office: Raleigh
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500)
CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
Financial SummaryTotal assets: $10,783.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)2,709
Total assets$10,370,765
Cash and due from depository institutions$279,071
Interest-bearing balances$28,669
Securities$1,827,100
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$6,840,193
Loan loss allowance $86,946
Trading account assets$0
Bank premises and fixed assets$162,555
Other real estate owned$5,639
Goodwill and other intangibles$1,080,747
All other assets$175,460
Life insurance assets$0
Total liabilities and capital$10,370,765
Total liabilities$8,602,555
Total deposits$7,248,992
Interest-bearing deposits$6,378,923
Deposits held in domestic offices$7,248,992
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $451,272
Trading liabilities$0
Other borrowed funds $711,756
Subordinated debt $0
All other liabilities $190,535
Total equity capital$1,768,210
Total bank equity capital$1,768,210
Perpetual preferred stock$1,768,210
Common stock$0
Surplus$24,694
Undivided profits $1,262,468
Memoranda
Noncurrent loans and leases $481,048
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,690,338
Income earned, not collected on loans $0
Earning assets $23,366
Long-term assets (5+ years) $0
Average Assets, year-to-date $53,066
Average Assets, quarterly $8,695,962
Volatile liabilities $2,884,509
Insider loans $9,004,867
FHLB advances $9,671,151
Loans and leases held for sale $1,741,982
Unused loan commitments $3,815
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $100,000
Total risk weighted assets $0
Total unused commitments $1,690,338
Restructured Loans and leases $2,232
Derivatives$86,946
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $698,275
Total interest expense $354,857
Net interest income $343,418
Provision for loan and lease losses $12,307
Total noninterest income $116,406
Fiduciary activities $15,531
Service charges on deposit accounts $69,299
Trading account gains & fees $0
Additional noninterest income $31,576
Total noninterest expense $328,181
Salaries and employee benefits $119,304
Premises and equipment expense $38,447
Additional noninterest expense $170,430
Pre-tax net operating income $119,336
Securities gains (losses) $6,021
Applicable income taxes $49,221
Income before extraordinary items $76,136
Extraordinary gains - net $0
Net income attributable to bank $76,136
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $6,543
Net operating income $92,300
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.53%
Cost of funding earning assets 4.34%
Net interest margin 4.20%
Noninterest income to earning assets 1.42%
Noninterest expense to earning assets 4.01%
Net operating income to assets 0.80%
Return on assets (ROA) 0.85%
Pretax return on assets 1.39%
Return on equity (ROE) 8.18%
Retained earnings to average equity (YTD only) -1.74%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 188.09%
Efficiency ratio20.12%
Assets per employee$60,039
Cash dividends to net income (YTD only)3.83%
Condition Ratios (%)
Loss allowance to loans 121.23%
Loss allowance to noncurrent loans 1.26%
Noncurrent assets plus other real estate owned to assets 372.10%
Noncurrent loans to loans 0.28%
Net loans and leases to deposits0.34%
Net loans and leases to core deposits 94.36%
Equity capital to assets 109.81%
Core capital (leverage) ratio 17.05%
Tier 1 risk-based capital ratio 7.29%
Total risk-based capital ratio 9.07%
Memoranda
Average assets$10
Average earning assets$9,004,867
Average equity $930,480
Average loans $8,182,388
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